C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Reduced by Vest Financial LLC

Vest Financial LLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 531,473 shares of the transportation company’s stock after selling 58,012 shares during the quarter. C.H. Robinson Worldwide makes up about 0.9% of Vest Financial LLC’s investment portfolio, making the stock its 15th largest holding. Vest Financial LLC’s holdings in C.H. Robinson Worldwide were worth $70,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State of Michigan Retirement System lifted its stake in shares of C.H. Robinson Worldwide by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock valued at $3,098,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. lifted its position in shares of C.H. Robinson Worldwide by 26.3% in the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after buying an additional 110 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 1.4% in the second quarter. Mutual Advisors LLC now owns 9,154 shares of the transportation company’s stock worth $940,000 after buying an additional 123 shares during the last quarter. Fulton Bank N.A. boosted its stake in shares of C.H. Robinson Worldwide by 4.2% during the 3rd quarter. Fulton Bank N.A. now owns 3,350 shares of the transportation company’s stock worth $444,000 after acquiring an additional 134 shares in the last quarter. Finally, Certuity LLC increased its holdings in shares of C.H. Robinson Worldwide by 7.3% during the 2nd quarter. Certuity LLC now owns 2,203 shares of the transportation company’s stock valued at $211,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90. Following the sale, the insider directly owned 55,158 shares in the company, valued at approximately $8,930,631.78. The trade was a 4.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 98,770 shares of company stock valued at $14,937,201. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHRW. Truist Financial upped their target price on C.H. Robinson Worldwide from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Bank of America boosted their price objective on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Citigroup lifted their target price on shares of C.H. Robinson Worldwide from $163.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Finally, Benchmark restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.65.

C.H. Robinson Worldwide Trading Down 0.4%

Shares of CHRW opened at $175.10 on Wednesday. The stock’s 50-day moving average price is $161.63 and its 200 day moving average price is $137.35. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $20.69 billion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 1.91 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $178.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 EPS. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were paid a $0.63 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.12%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.